SG Americas Securities LLC Takes Position in V.F. Corporation (NYSE:VFC)

SG Americas Securities LLC purchased a new stake in V.F. Corporation (NYSE:VFC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,548 shares of the textile maker's stock, valued at approximately $350,000.

Several other large investors have also modified their holdings of VFC. GAMMA Investing LLC grew its position in shares of V.F. by 1,355.2% in the first quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker's stock valued at $6,276,000 after purchasing an additional 376,615 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in shares of V.F. by 5.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock valued at $83,153,000 after purchasing an additional 211,440 shares during the last quarter. Rhumbline Advisers grew its position in shares of V.F. by 11.0% in the first quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock valued at $14,414,000 after purchasing an additional 92,174 shares during the last quarter. Finally, Fiduciary Alliance LLC grew its position in shares of V.F. by 16.4% in the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock valued at $4,634,000 after purchasing an additional 42,065 shares during the last quarter. 86.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Barclays set a $16.00 target price on shares of V.F. and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Wall Street Zen lowered shares of V.F. from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. BNP Paribas restated a "neutral" rating on shares of V.F. in a research report on Thursday, May 22nd. Wells Fargo & Company decreased their target price on shares of V.F. from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of V.F. from $25.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, May 19th. Sixteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $16.21.

Insider Transactions at V.F.

In related news, insider Bracken Darrell bought 85,840 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $11.73 per share, with a total value of $1,006,903.20. Following the transaction, the insider now owns 295,406 shares of the company's stock, valued at approximately $3,465,112.38. This trade represents a 40.96% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Abhishek Dalmia bought 50,000 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $11.78 per share, with a total value of $589,000.00. Following the transaction, the executive vice president now directly owns 380,614 shares in the company, valued at approximately $4,483,632.92. The trade was a 15.12% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 185,840 shares of company stock valued at $2,198,403. Insiders own 1.10% of the company's stock.

V.F. Stock Up 2.0%

V.F. stock traded up $0.23 during midday trading on Friday, hitting $11.84. 6,559,095 shares of the stock were exchanged, compared to its average volume of 7,759,762. V.F. Corporation has a 1 year low of $9.41 and a 1 year high of $29.02. The firm has a market cap of $4.62 billion, a P/E ratio of -23.68, a P/E/G ratio of 1.28 and a beta of 1.69. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.40 and a quick ratio of 0.80. The company has a 50 day moving average price of $12.51 and a two-hundred day moving average price of $17.61.

V.F. (NYSE:VFC - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The textile maker reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.01. V.F. had a negative net margin of 1.97% and a positive return on equity of 20.14%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the firm posted ($0.32) EPS. The firm's quarterly revenue was down 4.6% on a year-over-year basis. On average, sell-side analysts predict that V.F. Corporation will post 0.73 earnings per share for the current fiscal year.

V.F. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 10th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Tuesday, June 10th. V.F.'s payout ratio is currently -72.00%.

V.F. Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.